10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
WELLS FARGO & COMPANY/MN | |||
Ticker: WFC Fiscal Year: 2015 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Interest income | |||
| Trading assets | $ 1,971 | 1,685 | 1,376 |
| Investment securities | 8,937 | 8,438 | 8,116 |
| Mortgages held for sale | 785 | 767 | 1,290 |
| Loans held for sale | 19 | 78 | 13 |
| Loans | 36,575 | 35,652 | 35,571 |
| Other interest income | 990 | 932 | 723 |
| Total interest income | 49,277 | 47,552 | 47,089 |
| Interest expense | |||
| Deposits | 963 | 1,096 | 1,337 |
| Short-term borrowings | 64 | 59 | 60 |
| Long-term debt | 2,592 | 2,488 | 2,585 |
| Other interest expense | 357 | 382 | 307 |
| Total interest expense | 3,976 | 4,025 | 4,289 |
| Net interest income | 45,301 | 43,527 | 42,800 |
| Provision for credit losses | 2,442 | 1,395 | 2,309 |
| Net interest income after provision for credit losses | 42,859 | 42,132 | 40,491 |
| Noninterest income | |||
| Service charges on deposit accounts | 5,168 | 5,050 | 5,023 |
| Trust and investment fees | 14,468 | 14,280 | 13,430 |
| Card fees | 3,720 | 3,431 | 3,191 |
| Other fees | 4,324 | 4,349 | 4,340 |
| Mortgage banking | 6,501 | 6,381 | 8,774 |
| Insurance | 1,694 | 1,655 | 1,814 |
| Net gains from trading activities | 614 | 1,161 | 1,623 |
| Net gains (losses) on debt securities | 952 | 593 [1] | (29) |
| Net gains from equity investments | 2,230 | 2,380 [2] | 1,472 |
| Lease income | 621 | 526 | 663 |
| Other | 464 | 1,014 | 679 |
| Total noninterest income | 40,756 | 40,820 | 40,980 |
| Noninterest expense | |||
| Salaries | 15,883 | 15,375 | 15,152 |
| Commission and incentive compensation | 10,352 | 9,970 | 9,951 |
| Employee benefits | 4,446 | 4,597 | 5,033 |
| Equipment | 2,063 | 1,973 | 1,984 |
| Net occupancy | 2,886 | 2,925 | 2,895 |
| Core deposit and other intangibles | 1,246 | 1,370 | 1,504 |
| FDIC and other deposit assessments | 973 | 928 | 961 |
| Other | 12,125 | 11,899 | 11,362 |
| Total noninterest expense | 49,974 | 49,037 | 48,842 |
| Income before income tax expense | 33,641 | 33,915 | 32,629 |
| Income tax expense | 10,365 | 10,307 | 10,405 |
| Net income before noncontrolling interests | 23,276 | 23,608 | 22,224 |
| Less: Net income from noncontrolling interests | 382 | 551 | 346 |
| Wells Fargo net income | 22,894 | 23,057 | 21,878 |
| Less: Preferred stock dividends and other | 1,424 | 1,236 | 989 |
| Wells Fargo net income applicable to common stock | 21,470 | 21,821 | 20,889 |
| Per share information | |||
| Earnings per common share (in dollars per share) | 4.18 | 4.17 | 3.95 |
| Diluted earnings per common share (in dollars per share) | 4.12 | 4.10 | 3.89 |
| Dividends declared per common share (in dollars per share) | 1.48 | 1.35 | 1.15 |
| Average common shares outstanding | 5,136,500 | 5,237,200 | 5,287,300 |
| Diluted average common shares outstanding | 5,209,800 | 5,324,400 | 5,371,200 |
| [1] Total other-than-temporary impairment (OTTI) losses were $136 million, $18 million and $39 million for the years ended December 31, 2015, 2014 and 2013, respectively. Of total OTTI, losses of $183 million, $49 million and $158 million were recognized in earnings, and reversal of losses of $(47) million, $(31) million and $(119) million were recognized as non-credit-related OTTI in other comprehensive income for the years ended December 31, 2015, 2014 and 2013, respectively. | |||
| [2] Includes OTTI losses of $376 million, $273 million and $186 million for the years ended December 31, 2015, 2014 and 2013, respectively. | |||
| External Links | |
| WELLS FARGO & COMPANY/MN (WFC) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |